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      "text": "1 Adjusted operating expenses at constant 2022 FX rates and on constant perimeter, before impact of Securitized Products transaction and other divestments",
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      "text": "Core Return on Tangible Equity >8%, Group Return on Tangible Equity ~6%, CET1 ratio >13.5% pre-B3R, Cost base CHF ~14.5 bn, Nominal dividend 2022-2024; meaningful distribution from 2025 onwards",
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